Mining Minerals & Metals Share Discussion Threads

[robbi123] 25/4/2008 19:09

1waving - finally found a link to the Davy report from a few days ago:

[haydock] 25/4/2008 17:18

Those results are well overdue,would speculate that the newsflow should be regular from now on.

[gerri-c] 25/4/2008 13:32

Hope we see this move into the quarter pence rises.

[1waving] 25/4/2008 13:30

The mm's have been marking Glencar down on little or no volume for a long time. Not surprising that when it moves up on volume they are being squeezed.

When the next results are announced from Komana East 'The northern fencelines, in particular, each displayed very extensive, visual indications of good grade mineralization.' what grades, depth and width will we see and what effect will that have.

[steadyeddy2] 25/4/2008 13:06

Mm's seem to be short of stock now. 10k of stock moves the price. This could rise very quickly indeed.

[stuart14] 25/4/2008 12:53

Even more painful for me!! Typical isn't it. You need to free us cash, and the one share you sell rebounds more than all the others!!!

[deka1] 25/4/2008 12:43

if this keeps up should be back in double figs soon

[stuart14] 25/4/2008 11:52

Chart looking really strong now.

[haydock] 25/4/2008 08:52

Good find SerpicoUK.
Will move it along to cheer up the faithfull, they certainly need it in many of the small golds.

[1waving] 24/4/2008 19:13

robbi, that 14p target and $50oz from Davy is an old one from a report on June 18th 2007
I suppose they will get round to an increased target when someone gets round to telling them Glencar has done a spot or two of drilling since then and gold has gone up $250. Brokers, what would we do without them.

[robbi123] 24/4/2008 18:01

1waving and Dr,

A brief overview was published on t1ps, with a 14p target, Davy valuing gold in the ground at $50, a little cheap imo.

[1waving] 24/4/2008 17:26

robbi, from memory that 14p target from Davy's has been in place for a while, hasn't it ?
That will be due for an increase shortly I would think.

A question answered by Jim Sinclair on Gold and eur/usd targets:--

Dear Stefaan,

I know $1650 is too low. When I said that price I was ridiculed as making an outrageous forecast. With what is going on in regard to monetary inflation, the dollar would be fortunate to hold at .5200.

My feeling is $1650 - $1850 - $2400 - $3000 depending on the dollar at the time.

I am sticking with $1650 and will revisit the situation when that occurs. I promised everyone back in 2002 that I would be with them until that point.

I follow gold in the dollar and Dan follows gold in all currencies. At .5200 the dollar would reflect the Euro as it is the main constituent of the USDX in reverse so that would yield the academic potential price of gold you seek. ( $2132 )

Your work is excellent.

Regards,
Jim

[dr fillip strange] 24/4/2008 15:54

robbi123 do you have a copy/link for the note...

[robbi123] 24/4/2008 15:28

Could have something to do with Davy's 14p price target in their broker note this wk

[1waving] 24/4/2008 15:05

Moving up on volume, impressive technically, that 500k buy coming in adds a strong vote of confidence.

[bartender18] 24/4/2008 14:51

Somebody likes it 1/2 million above the bid

[stuart14] 24/4/2008 14:45

Not often I sell at the bottom. Looks like i did here though! Great to see some chunky buys coming in too. Well done guys.

[mabel 123] 24/4/2008 11:15

Good to see this ticking up almost on a daily basis - and they are not selling them cheaply either judging what is being paid for just a few.

mabel

[1waving] 23/4/2008 11:09

Have noticed more takeovers in the mid-tier/juniors recently. Generally ones in or near production. China Gold has just bought a big stake in Jinshan and Jinshan are now looking at a takeover, funded by Chinese capital, of a company in Asia with resource of 5m oz+, in or near production. Should give a boost to the sector, particularly those with quality assets.

Not looking for a takeover bid for Glencar at present as I think any bidder will be trying to pick up strategic resources on the cheap. Would like to see them prove up their resources and move towards production.

[gerri-c] 23/4/2008 10:47

Good to see some decent sized buys coming through.

[deka1] 22/4/2008 09:12

been moving up small % each day for some days now, like it , will buy more when funds allow

[tonudiki] 22/4/2008 00:14

Serpico

Thanks for that. My numbers were for "fun & fantasy only" of course :-)

However, I think it's possible that quote:-"The northern fencelines EACH displayed VERY extensive, visual indications of good grade mineralisation" , might well amount to more than a few metres of the whole core....

Anyway, we shall see soon enough. At least GEX have been excited enough to ask the Assay lab to prioritise the assays of these particular cores (ahead of the backlog), so we shall get a definitive result pretty quickly.

[serpicouk] 21/4/2008 23:46

As a reality check - 'visible gold' in core samples may yield 'as little' as 40g/t or even less.

And that may be over only a few meters of the whole core. Still nice, but don't expect 1.3Moz in 100m x 150m area =) Would be happy to be wrong on that one.